Enterprise Resource Planning (ERP) Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Enterprise Resource Planning (ERP) Market.
The global Enterprise Resource Planning (ERP) Market size is USD 48.68 billion in 2022 and is projected to reach a CAGR of 7.92% from 2023-2030.
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Companies use enterprise resource planning (ERP) solutions to help them manage their business processes and operations more effectively. The business functions of an ERP solution have evolved from merely providing assistance and planning to integrate the entire business process, which includes crucial responsibilities like hiring and decision-making.
The global ERP market is expanding due to the rising demand for ERP software from small and medium-sized businesses and the growing need for operational efficiency and transparency in business processes. The ERP market's expansion is also being helped by an increase in the use of cloud and mobile applications.
Regional Analysis
Asia Pacific to Dominate the Market
· In terms of regions, North America dominated the ERP market in 2021 and is anticipated to maintain its position throughout the forecast period due to its high adoption rates of digital and cloud technology. Additionally, the region's rising productivity and efficiency standards are making ERP software solutions more widely used, which is anticipated to propel the ERP industry over the forecast period
· As a result of the region's ongoing economic transformation and rising cloud adoption trends, Asia-Pacific is anticipated to experience significant growth over the forecast period.
Competitive Landscape
· IBM Corporation
· Infor,
· Microsoft Corporation
· NetSuite Inc.,
· Oracle Corporation
· Sage Group Plc.
· SAP SE
· SYSPRO
· TOTVS S.A.
· Unit4
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Recent Developments
· Weclapp, a leading provider of cloud ERP software in the DACH region, is acquired by Exact from German holding company 3U Holding in September 2022. Weclapp management would continue to be invested and would steer the company's future.
· T.D. Bank incorporated NetSuite's Cloud-based ERP software in August 2022 to give its customers a complete digital banking experience. Using cloud-based ERP software, T.D. Bank Incorporated created a one-stop shop to improve customer service.
Enterprise Resource Planning (ERP) Market is segmented into various segments such as deployment model, component, enterprise size, business function, industry vertical, and region.
On the basis of component
· Software
· Services
On the basis of the deployment model
· On-premise
· Cloud
· Hybrid
On the basis of enterprise size
· Large Enterprises
· Medium Enterprises
· Small Enterprises
On the basis of business function
· Finance
· Human Resources (HR)
· Supply Chain
· Others
On the basis of industry vertical
· Manufacturing
· BFSI
· Healthcare
· Construction
· Aerospace & Defense
· Others
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Frequently Asked Questions
What are the years considered to study this market intelligence report?
The Enterprise Resource Planning (ERP) Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Enterprise Resource Planning (ERP) Market?
The Enterprise Resource Planning (ERP) Market is growing at a CAGR of 7.92% during the forecast period.
Which region holds the largest market share in Enterprise Resource Planning (ERP) Market?
North America holds the largest market share.
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